charles: sean, that's why we love you. see you soon. >>> two signs, that's right, two signs that spending cuts and austerity may actually be a good thing. first the pain from the sequestration. not as bad as president obama made it out to be. most of the major federal agencies out there, they have managed to reduce planned furloughs pretty well. some have eliminated them all together. secondly, looks like europe is coming out of recession. european economy growing in the second quarter of this year. turns out you can cut spending without the world coming to an end. at least that is what it is looking like so far, liz. liz: yeah, remember headlines out of sequester cuts, basically the sky was going to fall? biggest complainers, transportation, homeland security, education. even federal unions said we found fat to cut. they didn't have to do furloughs. reduced them or eliminated them or didn't do any furloughs whatsoever. senator tom coburn had it right. when when you put their feet to the fire they find the fat marbled thro